New York Times Company (NYT)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,763,220 | 1,597,970 | 1,538,720 | 1,325,520 | 1,172,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,763,220K)
= 0.00
The debt-to-capital ratio of New York Times Co. has consistently remained at 0.00 over the past five years, indicating that the company has not used any debt to finance its operations relative to its capital structure. This suggests that the company has been relying primarily on equity financing to fund its growth and operations. While a low debt-to-capital ratio can be a positive indicator of financial stability and lower financial risk, it may also indicate underutilization of debt as a potential source of cheaper capital. Investors and stakeholders may view this metric positively in terms of financial health and risk management, but it could limit the company's ability to take advantage of debt financing for potential expansion or investment opportunities.
Peer comparison
Dec 31, 2023